Nepal

Paying Taxes in

Nepal

Below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 189 economies. The most recent round of data collection was completed in 2013 (January 1, 2013 – December 31, 2013).

Compare Nepal to 188 other economies.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Corporate income tax 3 manufacturing industry 120 20% taxable profit 17.69
Employer paid - Social security contributions 12 84 10% gross salaries 11.28
Tax on interest 0 15% interest income 0.38 not included
Ownership renewal tax on vehicles 1 NPR 22,000 fixed fee 0.32
Municipal business tax 1 NPR 10,000 fixed fee 0.15
Municipal tax on vehicles 1 NPR 3,000 fixed fee 0.04
Property tax 1 various rates land value 0.00
Land revenue tax 1 NPR 100 for each 5476 sq. ft. property area 0.00
Value added tax (VAT) 12 130 13% value added 0.00 not included
Stamp duty on financial contracts 1 various rates 0.00 small amount
Capital gains tax 1 20% capital gains 0.00 included in other taxes
Totals: 34.0 334.0 29.5

Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.

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